Expert Market Research Explores the Top 5 Companies in the Global Hydrostatic Transmission Market

The global hydrostatic transmission market is expected to grow at a CAGR of about 4.80% in the forecast period of 2023-2028. As per the analysis by Expert Market Research, the market is expected to be driven by the rapid growth of transportation, construction, and agricultural sectors.

The product is used in various power generation systems, including wind turbine generators, engine generators, railway vehicles, and ships. During the forecast period, the mining sector is expected to grow significantly to meet the demand for metals and mineral products, which is a crucial requirement for the manufacturing industry. Also, regional economic expansion is resulting in increasing investments in the defence sector, which uses hydrostatic transmission, thus propelling the growth of the global market. In the coming years, these factors are expected to drive the hydrostatic transmission industry forward.

Due to the  booming construction and mining sectors, Asia Pacific is expected to hold a significant share of the global market for hydrostatic transmission, with substantial expansion expected during the forecast period. Countries in the Asia Pacific region, such as China and India, have spent heavily in the development of new roads and infrastructure, requiring the use of advanced heavy machinery and equipment which has increased the market for hydrostatic transmission. Other regions, such as North America, Latin America, and Europe, are likely to grow rapidly in the coming years.

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Top 5 Global Hydrostatic Transmission Companies:

Parker Hannifin Corporation

Parker Hannifin Corporation is an American corporation and is a global leader in motion and control technologies. It is one of the largest companies in the world in climate control, aerospace, electromechanical, filtration, fluid and gas handling, pneumatics, hydraulics, process control, sealing and shielding. The company has about 58,000 employees worldwide and is also a part of the Fortune 250.

Dana Incorporated

Dana Incorporated is an American supplier of driveshafts, axles, transmissions, and electrodynamic, thermal, sealing, and digital equipment for hybrid, conventional, and electric-powered vehicles. The company's services and products are intended for the commercial vehicles, light vehicles, and off-highway equipment markets. The company is a part of the Fortune 500 and employs around 36,000 people in 33 countries. Dana specialises in automotive, driveline technologies, thermal management technologies, and electrification, among others.

Komatsu America Corporation

Komatsu America Corp. is a subsidiary of Komatsu Ltd., a global leader in essential equipment, technology, and services for the construction, mining, forestry, energy, and manufacturing industries. Komatsu America Corporation produces and markets mining and compact construction equipment. The company offers products such as dozers, excavators, crushers, shovels, trucks, and plasma cutting machines, among others.

Kawasaki Heavy Industries Ltd.

Kawasaki Heavy Industries Ltd. is a Japanese global corporation best known for producing motorcycles, engines, heavy equipment, aerospace and defence equipment, rolling stock, and ships. It also manufactures industrial robots, gas turbines, pumps, boilers, and other industrial equipments. The company also operates in the leisure and power products business, which features its motorcycles under the Kawasaki brand.

Tuff Torq Corporation

Tuff Torq Corporation is a subsidiary of the Kanzaki Kokyukoki Manufacturing Company Limited and the Yanmar Co Ltd. Tuff Torq is a manufacturer of lawn and garden power equipment like transmissions and transaxles. The company has produced and sold more than 7,50,000 performance-driven marine transmissions worldwide. The company specialises in manufacturing, utility, transmissions, transaxles, and lawnmowers, among others.